The influence of financial literacy, fintech, and lifestyle on consumptive behavior with self-control as a mediating variable on students
DOI:
https://doi.org/10.47065/imj.v6i2.540Keywords:
Financial literacy, Fintech, Lifestyle, Consumptive behavior, Self-controlAbstract
This study aims to analyze the influence of financial literacy, financial technology (fintech), and lifestyle on consumptive behavior with self-control as a mediating variable among students of UIN Maulana Malik Ibrahim Malang. Specifically, the background of this research is based on the increasing phenomenon of consumptive behavior among students along with the rapid development of digital technology and easy access to technology-based financial services. This study uses a quantitative approach with a survey method through an online questionnaire. The sample consisted of 424 active students from the 2022-2025 cohorts selected using purposive sampling technique with the criteria of students who have knowledge of financial literacy, use fintech applications, and have a very diverse lifestyle. Data were analyzed using the Structural Equation Modeling (SEM) method based on Partial Least Square (PLS) with the help of SmartPLS 3 software. The analysis results show that financial literacy has a negative and significant effect on consumptive behavior, fintech has a positive and significant effect on consumptive behavior, lifestyle has a positive and significant effect on consumptive behavior, and self-control has a negative and significant effect on consumptive behavior. Furthermore, self-control is proven to mediate the effect of financial literacy on consumptive behavior, mediate the effect of fintech on consumptive behavior, and mediate the effect of lifestyle on consumptive behavior. These findings indicate that increasing financial literacy and strengthening self-control can suppress consumptive behavior, while easy access to fintech and modern lifestyles tend to encourage consumptive behavior. Therefore, the recommendations of this study are the need to integrate personal financial management materials into the curriculum, organize workshops on financial literacy and self-control for students, and develop more educational fintech features to prevent excessive consumption among the younger generation.
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